There is no entry required on the CT600, because relief is automatic if the conditions of S.171 are met. It is advisable though to add a note detailing the transaction. I confirmed this with the tax advice line I use.
It is correct to reflect the deferred tax liability in the accounts of the holding company.
I have a client using the TOMS scheme. I'm not aware of any specialist bookkeeping software that handles TOMS. I use Quickbooks online (though QB desktop is equally good). You can set up any software to handle the bookkeeping entries once you've established your accounting method e.g. recognition of income.
My view is that the NHS maternity pay does not need to go through the payroll. It will be included with the other NHS income on the monthly schedules and hence will be taxed as income of the company.
You state that standard (Statutory) SMP is not taxable, but that is incorrect - it does form part of taxable pay.
The dentist is entitled to SMP provided she meets the qualifying criteria. This is separate, and in addition to, the NHS maternity pay.
My answers
Thanks for setting out the facts clearly.
There is no entry required on the CT600, because relief is automatic if the conditions of S.171 are met. It is advisable though to add a note detailing the transaction. I confirmed this with the tax advice line I use.
It is correct to reflect the deferred tax liability in the accounts of the holding company.
I have a client using the TOMS scheme. I'm not aware of any specialist bookkeeping software that handles TOMS. I use Quickbooks online (though QB desktop is equally good). You can set up any software to handle the bookkeeping entries once you've established your accounting method e.g. recognition of income.
My view is that the NHS maternity pay does not need to go through the payroll. It will be included with the other NHS income on the monthly schedules and hence will be taxed as income of the company.
You state that standard (Statutory) SMP is not taxable, but that is incorrect - it does form part of taxable pay.
The dentist is entitled to SMP provided she meets the qualifying criteria. This is separate, and in addition to, the NHS maternity pay.